New York, New York (Newsfile Corp. - November 1, 2022) - ET Money, which has managed to gain a commendable position around the wealth tech startup space, has announced that it has managed to cross a
New Delhi [India], September 7 (ANI/NewsVoir): ET Money, one of India's largest wealth tech startups, announced that it has crossed Rs 30,000 crores or approximately USD 4bn in retail mutual fund investments that are managed on its platform. Out of the Rs.30,000 Crores, Rs.11,000 Crores (USD 1.4Bn) is the current value of the investments (AUM) done on the platform itself, while the remaining Rs 19,000Cr (USD 2.7Bn) are the investments imported by users via ET Money's Portfolio Upload facility. Between July 2021 to July 2022, while the stock market has been extremely volatile, ET Money's AUM has grown by 48 per cent. This growth significantly outpaces the mutual fund industry's AUM growth of just 6.9 per cent during the same period. The average SIP on ET Money has also grown by 8 per cent, while the same for the industry has fallen by 6 per cent. ET Money has also seen a growth in its monthly SIP book to Rs.275 Crores The platform now processes more than 12 lakh transact
Get latest articles and stories on Business at LatestLY. ET Money, one of India s largest wealth tech startups, announced that it has crossed Rs 30,000 crores or approximately USD 4bn in retail mutual fund investments that are managed on its platform. Business News | ET Money Beats Market Volatility; Crosses Rs 30,000 Crores of Investments That Get Managed on Its Platform.